Banks are also called custodians of public money. Basically, the money
is accepted as deposit for safe keeping. But since the Banks use this money to earn
interest from people who need money, Banks share a part of this interest with the
depositors. However, accepting deposits and keeping track of the money involves a lot of
book-keeping and other operations. Let us see what the Banks must maintain to provide this
service

An effective branch network to reach the targetted customer base

A system of Intra branch accounting with separate account(s) for each
customer